3/4 of cars run on alternate tech by 2050. [the Economist]
Tuesday, April 23, 2013
Thursday, March 21, 2013
Tuesday, February 19, 2013
Shadow Markets Trend Reversed in 2007
http://www.voxeu.org/article/shadow-economies-around-world-model-based-estimates
Shadow markets. What are the predictions since the sharp upturn in 2007?
For almost all country groups (except for the post-Socialist one), we observe a declining trend over time. However, the pace of the reduction seems to lose some momentum in the last decade. Somewhat more interestingly, we observe a spike staring in 2007. Considering the emergence of the global economic crisis, this could give further support for the hypothesis that the size of the shadow economy is countercyclical, as suggested by Roca et al (2001) and Elgin (2012).
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